Accounts Receivable Services

Experience Equanimity with Velan:
Outsourced Accounts Receivables Management

Even the giants of the industry landscape prefer outsourcing their Accounts Receivables Management Services. What are you waiting for? Don’t let late invoices deteriorate your business.

“Unpaid invoices making your Cash Flow Projection look bleak?”

Outsource Accounts Receivables (AR) to us and achieve greater peace of mind, knowing for a fact that we’d closely work with your collections team and dearly uphold your client relationships.

Did you know?

  • 26% of 3-month old invoices,
  • 90% of 12-month old invoices are uncollectable!
  • 70% of 6-month old invoices

Velan takes care of your clients bookkeeping and allows you to focus more on financial disclosures, tax planning and other such customer profitability strategies. CPAs can provide value-added services with no additional cost.

Did we mention an in-house resource is not always available, needs training and increases the need for infrastructure in your office?

You need proper business processes in place and more often than not, an in-house resource demands a quantum of supervision effort from you or a supervisor. Are your ready to shell out all of these additional operating costs? Reach out to Velan instead.

Accounting for Small Businesses & Accounting Firms

Outsourcing accounts receivable management would mean a significant step towards organized and flawless Cash to Order processing. Not just Accounting Firms, but small businesses from any industry vertical would find it appreciably valuable to have experts handle their accounts receivables.

Right from invoice verification to bad debts managements, Velan’s resources are trained specialists in accounts receivable (AR) process.

payment

Our Outsourced
Accounts Receivable Service Offerings

  • Pricing and Quotations
  • Sales order processing
  • Billing, invoice, follow ups and credit management
  • Receivables management
  • Debit/Credit note processing
  • Secure and compliant processes
  • Collection watch – minimize “past due”
  • Customer Aging
  • Bad Debt Analysis
  • And much more!

Benefits of Accounts Receivable (AR) Outsourcing?

Robust Workflow
  • Generate invoices and timely distribution
  • Co-ordinate with collections team where necessary
  • Provide reports, predictions, and forecasts
  • Receive and record payments
  • Archive efficiently
Assured Benefits
  • Effectively mitigate loss of revenue
  • Accurate and reliable management
  • Fundamentally reduced Customer Churn
  • Compliant at all times
  • Up-to-date with regulations
WHAT IS ACCOUNTS RECEIVABLE (AR) AUTOMATION?

Our Bookkeepers Certifications

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Improve your Cash Flow with EDI:
Accounts Receivable Software We Use

EDI has gained extensive momentum and in line with the changing technology landscape,

Velan provides you experts trained in QuickBooks, Intuit, FreshBooks, Zoho, Xero, FinancialForce, etc. The Accounts receivables management services have taken a quantum leap in streamlining processes.

Online Bookkeepers & Accountants

How Secure is Your Data With Us?

Velan understands the importance of safeguarding customer data throughout its entire operational lifecycle. We ensure the uttermost protection of customer property throughout the entire product development process, including storage and logistics. We demonstrate our dedication to data security through the implementation of ISO 27001 in our office.

Why Choose Velan Outsourced Accounts Receivables Management Services?

Velan Bookkeeping has over a decade of 18 years experience offering robust, reliable and quick, offshore bookkeeping servicesto some of the biggest accounting firms in USA.

We operate from an offshore delivery centre, which acts as an extended office, serving you relentlessly, day-in and day-out.

Timely collection of accounts receivables is an important source of cash inflow.

It comprises up to 30% of the company's assets and is critical in determining the success of an enterprises.

Velan's Accounts receivables management team helps your enterprise gain control on every account, follow-up on outstanding invoices, and facilitate quicker payments!

Outsource your AR management to Velan, for significant improvement in cash flow.

We follow best practices and ISO 9001:2008 certified processes.

We offer a wide platter of outsourced accounts receivable services, wherein clients can choose to outsource all, or a part of their accounts receivables business function

Outsourcing accounts receivables to Velan, helps streamline your credit approval initiative while improving cash flow and minimizing bad debt exposure.

Outsourced Accounting Services

Why Our Clients Trust Us

Testimonials

News, Tips & More!

Bookkeeping case Study

accounting-process-automation

NJ Chemical Manufacturer Trusts Velan's Accounting Services

Velan supports a New Jersey speciality chemical manufacturer with top-notch accounting services. Velan completes accounts receivables and payables on time with 100% accuracy and earned the client’s trust.

More on Bookkeeping Case Study
Outsource Bookkeeping Services

Michigan Property Management Firm Enlists Velan for Cleanup & Retainer Services

Michigan property owners rely on Velan for professional cleanup and retainer services. Discover how our trusted property management firm can assist you

More on Accounting Case Study
CPA's and Accounting Firms Bookkeeping

Velan | Transitioning from Sage to QuickBooks for Service Firm

Velan Accounting Team assists a reputable service provider in transitioning from Sage to QuickBooks to optimize payroll, improve AP/AR, and increase workflow efficiency

More on Real Estate Case Study
Outsourced Accounts Receivable

Frequently Asked Questions

How to manage accounts receivable?

Manage accounts receivable by setting clear credit policies, prompt invoicing, and regular follow-ups for timely payments.

What is the difference between accounts receivable and accounts payable?

Accounts receivable represents money owed to a company by customers, while accounts payable is the company's own debts to suppliers and creditors.

What is the main purpose of the accounts receivable?

The main purpose of accounts receivable is to track and collect money owed by customers for products or services provided on credit.

Why is accounts receivable important?

Accounts receivable is crucial as it ensures timely payments, maintains cash flow, and supports a business's financial stability and growth.

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